GST News

CBIC Clarifies GST Rules on Pre-Packaged Goods and Gene Therapy

18 January 2025 at 07:55

In a significant update, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 02/2025-Central Tax (Rate) on January 16, 2025, amending the Central Goods and Services Tax Act, 2017 (CGST Act).

Posted in GST | 2085 Views

CBIC Amends Customs Duty Exemptions for LRSAM Equipment

18 January 2025 at 07:54

In a move to strengthen India's defense capabilities, the Central Government has issued Notification G.S.R. 64(E), making further amendments to the Notification No. 19/2019-Customs, dated July 6, 2019.

Posted in GST | 612 Views

CBIC Notifies GST Exemption for Exports at Concessional Rate of 0.1%

18 January 2025 at 07:54

In a significant move to boost exports, the Central Government has issued Notification G.S.R. 62(E) under the Central Goods and Services Tax Act, 2017, Goods and Services Tax (Compensation to States) Act, 2017,

Posted in GST | 1008 Views

CBIC Revises GST Rates for Key Supplies Under Public Interest Mandate

18 January 2025 at 07:54

In a major move aimed at aligning tax rates with public welfare initiatives, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 04/2025-Central Tax (Rate) on January 16, 2025.

Posted in GST | 660 Views

CBIC Issues Notification No. 06/2025: Key GST Rate Amendments for 2025

18 January 2025 at 07:54

IntroductionThe Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 06/2025 on January 16, 2025, introducing significant amendments to GST rates and provisions.

Posted in GST | 4158 Views

CBIC Notifies Amendments to GST Rate Framework

18 January 2025 at 07:54

IntroductionIn a significant move to enhance clarity in GST compliance, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 07/2025 – Central Tax (Rate) on January 16, 2025.

Posted in GST | 3957 Views

Commercial Tax Department Tightens Vigilance on Fake GST Credit Claims

16 January 2025 at 08:50

In response to the increasing cases of fake GST credit claims, the commercial tax department has introduced proactive measures to curb fraud at its roots.

Posted in GST | 573 Views

GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational

16 January 2025 at 08:49

According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.

Posted in GST | 2112 Views

GST Appeal Withdrawal Process Simplified: Key Update for Waiver Scheme Applicants

15 January 2025 at 08:05

One of the eligible conditions for filing application under waiver scheme is to withdraw the appeal applications filed against the demand order/notice/statement for which waiver application is to be submitted.

Posted in GST | 8385 Views

Generation Date for Draft GSTR-2B for Dec 2024 Revised to 16th Jan 2025

15 January 2025 at 07:58

In line with the recent extensions in due dates for filing GSTR-1 and GSTR-3B returns for Dec 2024, as notified under Notifications No. 01/2025 and 02/2025 issued on January 10, 2025, the generation of the Draft GSTR-2B for Dec 2024 has been rescheduled.

Posted in GST | 5730 Views